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Question - The following transactions occurred during July:
1. Received $1,040 cash for services provided to a customer during July.
2. Received $3,600 cash investment from Barbara Hanson, the owner of the business.
3. Received $890 from a customer in partial payment of his account receivable which arose from sales in June.
4. Provided services to a customer on credit, $445.
5. Borrowed $7,400 from the bank by signing a promissory note.
6. Received $1,390 cash from a customer for services to be rendered next year.
Required - What was the amount of revenue for July?
Calculate the economic order quantity for A Ltd. A Ltd is a customised pencil manufacturer and is projecting sales of R200 000 for 20XX.
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Due to the uniqueness of his image processing sensor, Mr. Martin has very closely monitored the direct production costs because of his concern with the high initial cost to produce the first prototype. Since then, Mr. Martin has invested much of his ..
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